ABOUT MORTGAGE LOAN INSPECTIONS... The sole purpose of the inspection is to obtain mortgage title insurance. A mortgage inspection is the minimum service required by a lender in closing a loan. This inspection does NOT constitute a boundary survey and is NOT a recordable document. This inspection is an approximate location of improvements and a cursory check for violations or encroachments which may affect the property tract. Precise boundary locations are not normally established. This inspection is subject to any inaccuracies that a subsequent property boundary survey may disclose. No property corners are set and the information should NOT be used or relied upon for the establishment of any fence, structure or other improvements.
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1. DO contact a surveyor well before the survey is needed. 2. DO make sure the land surveyor is licensed and in good standing with governing authorities. Consult other authorities as to a land surveyor’s qualifications, ethics, and character. 3. DO expect quality work which meets the required minimum standards of practice. Accept nothing less! 4. DO furnish information requested and explain to the surveyor the specific scope of work desired. 5. DO ask the surveyor to explain and review his work. 6. DO inspect the boundary lines and monumentation to familiarize yourself with their position. 7. DO record the survey plat and/or description even if a property transfer is not made. 1. DON’T select a surveyor on cost alone. 2. DON'T relocate or move any boundary monument for whatever reason! Kentucky law considers it a crime - a Class D felony - to move any survey monument for any reason! This is because a single monument is used for referencing other monuments and property lines besides yours. An improperly placed monument can change other property lines, which can result in dire consequences for both property owners and for the individual who moved the survey monument. Above is a typical example of a boundary marker. |
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So, you just bought a new home, right?
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Commonwealth Surveying Surveying Is Our Job. Kentucky Is Our Business. |
Contact: |
Tel: 859-689-SRVY (7789) Fax: 859-689-0774 Cell: 859-743-2424 Email: pls@CommonwealthSurveying.com |
Kentucky Professional Licensed Surveyor, Reg. No. 3722 © 2021 Commonwealth Surveying, LLC. All Rights Reserved.
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